AMC falls 6% after second share sale this week

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AMC falls 6% after second share sale this week

Reuters2021-06-04

June 4 (Reuters) - Shares of AMC Entertainment fell 6% in early deals on Friday, a day after the Reddit darling completed its second share offering this week.

The cinema operator has taken advantage of a red-hot rally in its stock since mid-May to sell shares, raising $587.4 million on Thursday alone.

The company said late on Thursday it would ask shareholders to authorize the sale of 25 million additional shares, compared with its initial plan to ask for approval for 500 million shares.

AMC's shares were trading at $48.25 before the bell after closing down 18% on Thursday. They hit a record high of $72.62 on Wednesday.

U.S.-listed shares of BlackBerry Ltd , another so-called "meme stock" that has gripped the attention of small-time traders on online discussion forums, were up 7%.

(Reporting by Sagarika Jaisinghaniin Bengaluru; Editing by Sriraj Kalluvila)

((Sagarika.Jaisinghani@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))

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QuinC
·2021-06-04
So much FUD everywhere
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LeonardKSW
·2021-06-04
Fishy..offering when the price is not even at highest peak..what the CEO is thinking
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aether
·2021-06-04
bruh it is decided by us shareholders it hasnt been decided what kind of fud is this
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干三小
·2021-06-04
All these meme news. Realised that the negative news are very published?
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- Brandon2207:
  HelpIng out those poor hedge funds
  2021-06-04
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DandanC
·2021-06-04
Do not fall for the fear that hedgies are creating! Although AMC is not trading on fundamentals, it is strong than ever now on the balance sheet with more than 1billion cash on hand! ? there will be more more dilution that’s for sure and we can focus on the squeeze! Hedgies last chance to disrupt the ? is now over! Buy with confidence my fellow apes! Only when APES TGT ARE STRONG! HODL-ing on! ?????
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The cinema operator has taken ...</p>\n\n<a href=\"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2140477693","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2140477693","pubTimestamp":1622794682,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"June 4 (Reuters) - Shares of AMC Entertainment    fell 6% in early deals on Friday, a day after the ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线"},"translate_title":"AMC本周第二次出售股票后下跌6%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9},"content_text":"June 4 (Reuters) - Shares of AMC Entertainment    fell 6% in early deals on Friday, a day after the Reddit darling completed its second share offering this week.   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(Reporting by Sagarika Jaisinghaniin Bengaluru; Editing by Sriraj Kalluvila)((Sagarika.Jaisinghani@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":116280467,"gmtCreate":1622803651259,"gmtModify":1704191487456,"author":{"id":"3584981421990132","authorId":"3584981421990132","name":"QuinC","avatar":"https://static.tigerbbs.com/35cac6d1d87968c874c8651562bf320f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3584981421990132","idStr":"3584981421990132"},"htmlText":"So much FUD everywhere&nbsp;","listText":"So much FUD everywhere&nbsp;","text":"So much FUD everywhere","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116280467","repostId":2140477693,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116642466,"gmtCreate":1622799056855,"gmtModify":1704191413016,"author":{"id":"3569318025811476","authorId":"3569318025811476","name":"LeonardKSW","avatar":"https://static.tigerbbs.com/eeba92ccfc8a91444aa3e36de4a39425","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3569318025811476","idStr":"3569318025811476"},"htmlText":"Fishy..offering when the price is not even at highest peak..what the CEO is thinking","listText":"Fishy..offering when the price is not even at highest peak..what the CEO is thinking","text":"Fishy..offering when the price is not even at highest peak..what the CEO is thinking","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116642466","repostId":2140477693,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116655314,"gmtCreate":1622798328738,"gmtModify":1704191399236,"author":{"id":"3574937263937231","authorId":"3574937263937231","name":"aether","avatar":"https://community-static.tradeup.com/news/4743cb1c3b9d1003b0f4abc63bebf47b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574937263937231","idStr":"3574937263937231"},"htmlText":"bruh it is decided by us shareholders it hasnt been decided what kind of fud is this","listText":"bruh it is decided by us shareholders it hasnt been decided what kind of fud is this","text":"bruh it is decided by us shareholders it hasnt been decided what kind of fud is this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116655314","repostId":2140477693,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116625555,"gmtCreate":1622797725177,"gmtModify":1704191387168,"author":{"id":"3571736454766702","authorId":"3571736454766702","name":"干三小","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3571736454766702","idStr":"3571736454766702"},"htmlText":"All these meme news. Realised that the negative news are very published?&nbsp;","listText":"All these meme news. Realised that the negative news are very published?&nbsp;","text":"All these meme news. Realised that the negative news are very published?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/116625555","repostId":2140477693,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4577917,"gmtCreate":1622798328203,"gmtModify":1663227948543,"authorId":3578540042073632,"author":{"id":3578540042073632,"idStr":"3578540042073632","authorId":3578540042073632,"name":"Brandon2207","avatar":"https://static.tigerbbs.com/c0335fafe87a5d7a8728bb3763ba20dc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116625555,"type":1,"supId":0,"prevId":0,"content":"HelpIng out those poor hedge funds ","text":"HelpIng out those poor hedge funds ","html":"HelpIng out those poor hedge funds "}],"langContent":"EN"},{"id":116621918,"gmtCreate":1622797406934,"gmtModify":1704191380758,"author":{"id":"3581765192280157","authorId":"3581765192280157","name":"DandanC","avatar":"https://static.tigerbbs.com/e2a11bfd02ad81137e21e534e8a35232","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581765192280157","idStr":"3581765192280157"},"htmlText":"Do not fall for the fear that hedgies are creating! Although AMC is not trading on fundamentals, it is&nbsp;strong than ever now&nbsp;on the balance sheet with more than 1billion cash on hand! ? there will be more more dilution that’s for sure and we can focus on the squeeze! Hedgies last chance to disrupt the ? is now over! Buy with confidence my fellow apes! Only when APES TGT ARE STRONG! HODL-ing on! ?????","listText":"Do not fall for the fear that hedgies are creating! Although AMC is not trading on fundamentals, it is&nbsp;strong than ever now&nbsp;on the balance sheet with more than 1billion cash on hand! ? there will be more more dilution that’s for sure and we can focus on the squeeze! Hedgies last chance to disrupt the ? is now over! Buy with confidence my fellow apes! Only when APES TGT ARE STRONG! HODL-ing on! ?????","text":"Do not fall for the fear that hedgies are creating! Although AMC is not trading on fundamentals, it is strong than ever now on the balance sheet with more than 1billion cash on hand! ? there will be more more dilution that’s for sure and we can focus on the squeeze! Hedgies last chance to disrupt the ? is now over! Buy with confidence my fellow apes! Only when APES TGT ARE STRONG! HODL-ing on! ?????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116621918","repostId":2140477693,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":2,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}